First Test in Adelaide Dec 9, Brisbane to host 2nd Test

- December 1, 2014

Ending days of speculation, Cricket Australia (CA) Monday confirmed that the first of the four-match Test series against India will be held Dec 9 in Adelaide instead of Brisbane.      The series, which was scheduled to start Dec 4 and was later postponed due to Phillip Hughes' death Nov 27, will now begin Dec

Fitch revises RIL’s rating upward to ‘stable’

- December 1, 2014

Fitch Ratings Monday revised upwards its outlook on Reliance Industries Ltd.'s (RIL) long-term local currency rating at 'BBB stable' from 'positive' based on better than expected showing by its US shale gas business which "counterbalanced" the dip in its domestic gas business.      "The change of outlook on the local currency issuer default ratings,

Zonal strike to hit banking this week

- December 1, 2014

The United Forum of Banking Unions (UFBU) will go ahead with its relay zonal strikes in various parts of India starting Tuesday to press for wage revision, a union leader said Monday.      "The deputy chief labour commissioner in Mumbai convened a meeting between the banking union and Indian Banks Association. The discussions ended

Vijay Mallya quits MCF board

- December 1, 2014

In a sudden move, United Breweries (UB) group chairman Vijay Mallya Monday resigned from the board of Mangalore Chemicals and Fertilizers Ltd (MCF).      In a regulatory filing to the Bombay Stock Exchange (BSE), the company said Mallya had resigned as director with immediate effect, without assigning any reason.    The company's scrip with

Non-subsidised LPG, jet fuel rates cut

- December 1, 2014

With global crude oil rates going under $70 a barrel Monday, the price of non-subsidised cooking gas (LPG) was cut by a hefty Rs.113 per cylinder and of aviation turbine fuel (ATF) or jet fuel by over 4 percent.      The 14.2 kg cylinder of non-subsidized LPG is now available at Rs.752 in Delhi

Priyadarshan, Lissy file for divorce

- December 1, 2014

Malayalam filmmaker Priyadarshan and his wife Lissy have decided to end their marriage. Lissy filed for divorce Monday here.      "It is with profound sadness that I am announcing that I and Priyadarshan have decided to get separated after 24 years of marriage. I have filed for divorce today (Monday) in Chennai family court.

Sex discussion among youngsters important: Ranveer Singh

- December 1, 2014

Actor Ranveer Singh, who emerged as a sex icon with his bold condom ad campaign "Do the Rex", says sex is natural and it's time to bring it out of the bedroom.      "Sex is a beautiful and perfectly natural phenomenon. Everyone does it and by no means is it a bad or evil

Fadnavis unveils slum redevelopment plans for Mumbai

- December 1, 2014

Maharashtra Chief Minister Devendra Fadnavis Monday unveiled a slew of proposals designed to rid Mumbai of its sprawling slums, where 46 percent of the city's population lives.      "For the allround development of Mumbai, it is imperative to develop the slums which house 46 percent of the city's population. There are as many as

Fire breaks out in Delhi’s Sadar Bazar

- December 1, 2014

A fire broke out Monday evening at the cotton market in Delhi's Sadar Bazar, fire department officials said. There was no report of any casualty.      The fire broke out on the first floor of a three-storey building that houses cloth and cotton shops.    At least five shops were gutted in the fire,

PM dedicates plant which will supply power to Bangladesh

- December 1, 2014

Prime Minister Narendra Modi Monday dedicated to the nation the second unit (363 MW) of a 726 MW power plant that will supply power to Bangladesh and seven northeastern states.        The state-owned ONGC, Infrastructure Leasing and Financial Services (IL&FS) and the Tripura government jointly floated ONGC Tripura Power Co Ltd (OTPC) to